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Determine the tax liability, marginal tax rate, and average tax rate in each of the following cases. 2021 Federal Income Tax Information a. Married taxpayers
Determine the tax liability, marginal tax rate, and average tax rate in each of the following cases. 2021 Federal Income Tax Information
a. Married taxpayers who file a joint return, have taxable income of $36,510
b. Single taxpayer, has taxable income of $67,171
2021 Federal Tax Rate Schedules Schedule X-Single Schedule Y-1-Married Filing Jointly or Qualifying Widow(er) Determine the tax liability, marginal tax rate, and average tax rate in each of the following cases. Use the appropriate Tax Tables and a. Married taxpayers, who file a joint return, have taxable income of $36,510. b. Single taxpayer, has taxable income of $67,171. Note: For all requirements, use the tax tables to compute tax liability. Round "Average tax rate" to 2 decimal placesStep by Step Solution
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